2023 CFA® Exam Women's Scholarship: No 1 Fixed Deadline!

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CFA Exam & Women's Scholarship: When to Apply

CFA Institute Scholarships for Women

CFA exam Women’s Scholarships are dedicated to all women and are considered on a “rolling” basis, which means that there’s no one fixed deadline. The scholarship reduces the total exam registration cost to USD 350. Read on to find out about the availability of Women’s Scholarships and go to your CFA Institute account to see if you can apply.

2023 CFA Exam Women’s Scholarships

Application Windows

CURRENTLY CLOSED * 1 September - 3 October 2022

* You can expect a decision no later than 9 December 2022.

UPCOMING ** 3 January 2023 - 5 February 2023

** You can expect a decision no later than 31 March 2023.

The deadlines end at midnight ET!

Women’s Scholarships are offered to women interested in the CFA exam and ineligible for other CFA Institute scholarships. The scholarships aim at promoting broader participation of women in the CFA Program.

Currently, the Women’s Scholarships are awarded on a “rolling” basis, which means that there’s no one fixed deadline. Instead, many short application windows are available and the applications are reviewed by CFA Institute on a periodic basis.

Those of you who apply from 1 Sept to 3 Oct should receive their scholarship award decision by 9 Dec 2022, so just in time for the MAY 2023 CFA exam (the May 23 exam registration is open as of 9 Aug), and maybe ever for the FEB 2023 CFA exam (the Feb 23 exam registration closes on 8 Nov). Those who choose the 3 January 2023 – 5 February 2023 window will get their decision no later than 31 March 2023.

If you are awarded the scholarship, you'll have a few upcoming CFA exams to choose from. You must register for your CFA exam within a timeframe of 7 months to make use of your waived enrollment fee and discounted registration (an exact expiration date should be given in your scholarship award email).

Many Short Application Windows!

Ever since CFA Institute introduced the CFA exam Women’s Scholarships back in 2017, the interest in the scholarships for women has been intense. Actually, at the beginning it was greater than expected so the application period was always closed prior to the set deadline. It didn't help that the scholarships were limited in number and served on a first-come, first-served basis.

Now, with many short application windows open for the women willing to participate in the CFA Program, there's hope that it'll be easier for you to obtain your Women's Scholarship.

To apply for the scholarship, you need to be a woman who does not qualify for any other CFA exam scholarship, e.g. Access Scholarship, and you must not be registered for your CFA exam yet.

First, you need to apply and wait for the scholarship award. Only then should you register and pay for your exam. The reduced CFA exam registration fee is USD 350 if you’re selected for the scholarship (plus the enrollment fee is waived). No refunds are available if you register and pay for your exam before you receive the decision about the scholarship award.

register with CFA Institute apply wait for scholarship register for your exam & make the payment

Women's Scholarship Essay: What to Write?

When filling in the online application for your CFA exam Women’s Scholarship, you will be asked to write why you’d like to get it. What you write may affect CFA Institute’s decision.

As a rule, the more personal it gets, the better. Share your personal story from the angle that shows your dedication to getting the CFA charter. A few basics you will definitely want to include in your application are: your interest in finance, work in the field (what do you do in your job? why do you like it? are you dedicated to going down this path? what kind of future do you see for yourself in the world of finance?) or your achievements, especially if they make you stand out from your peers.

Learn more about women’s scholarships

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UPDATED: Oct 4, 2022

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